Posts Tagged ‘Daily Chart’

The Daily trend has flipped higher but the intermediate term trend for silver is yet lower. Hedge funds remain bullish on silver. As long as this recent upside momentum remains intact, this should pose no problem, but as we have seen time & again, any hesitation to move higher, any loss of upside momentum, and this fickle crowd will have to be watched for further long liquidation.

If the elites are so focused on preserving their fiat Ponzi scheme & so intent on wrecking the gold and silver markets, you can be 100% assured that acquiring both, gold and silver or either is the smartest move one can make to escape the certainty of the Western world financial calamity that is destined to follow. Better a year too soon than a day too late. Stay vigilant in being prepared.

There is no hurry to be long in the paper market while the tenor of the current correction becomes more defined. But the ongoing acquisition of physical gold and silver remains as a priority. For sure, there are no cogent reasons for selling anything previously acquired. Buy & hold is the anthem for PM stackers & that will not change likely for the next several years.

Looking at just the technical analysis, if you are bearish on silver prices, I suggest you think again. They suggest a bullish sentiment prevails and silver prices could go much higher. It shouldn’t be shocking to see $30.00-an-ounce silver by the end of 2016. I am not ruling out silver prices back up at their 2011 highs around $50.00 in the next two to three years.

Volume is the energy behind every move. Without it, no trend can be sustained. Exceptionally large volume is when smart money movers are in action, either covering old or taking new positions, in the market. Gold and silver are not selling off to lower swing lows, as occurred in the past, an indication of relative underlying market strength.

In the battle being between physical gold and silver (Truth) & paper contracts (Lies), the indestructible PMs will always prevail & the time is nearing. Holders of physical gold and silver know, what is being “sold” is useless paper, not the real metal & as with QE-t0-infinity, bankers have pretty much run out of “fixes.” These are definite signs of the end game for PMs suppression.

The question that arose in our mind for the past few weeks has been: Are we seeing the effects of the Shanghai Exchange on silver? In other words, while the belief that the East is now overtaking the West in financial power, in the form of acquiring gold and silver, has been widespread, it has not yet been reflected in price behavior.

While the daily chart has identified a bottom for gold and silver, by the close of February, both the monthly & weekly charts reveal a story that could not have been told prior to what has occurred this past month. This analysis applies more to the paper gold and silver market & not the physical, as we cannot know when the downside manipulation will end.

The purpose of articulating the importance of confirmation is now focused on gold and silver because of the increased calls for a [possible] bottom in both. The information gleaned from chart market activity, in the form of price/volume behaviour, is telling us that no bottom has been confirmed in gold and silver, factually speaking. Many may believe otherwise.

The gold and silver charts on the higher weekly time frame do not show any sign of an end to the down trend. The reasoning, based on factual observations from reading developing market activity depicted in the chart, combined with logic, leads to that inescapable conclusion: gold and silver price is likely to go lower.

It makes no sense to discuss fundamentals as applied to gold and silver because they are inoperative at the present time, thanks to globalist US central bank manipulation. There can be no doubt that ownership of physical gold and silver will reward their holders. It has been proven so throughout time, and it will prove to be the case this time around, as well.

If the Powers That Be let markets melt down from here, where’s the bottom? Where’s the plan to bail out all the pension plans, banks, insurers, etc. that will be crippled by a full-blown stock market meltdown? It would be a lot cheaper and less painful to prop up stocks at these levels (a 10% decline) rather than let them fall off a cliff to a 40% decline.

Believe whatever hype you will about gold and silver primed for a major turnaround, and we are in the camp wanting to see higher prices, but we remain pragmatic in putting far greater belief into what the market is saying, via developing market activity, a much more reliable indicator of the character of the trend, and both trends for gold and silver are decidedly down.

Silver just reached recent 4 year lows. Are the markets manipulated? Absolutely! Can it continue? Without question, but for how much longer? Will this mean a change in trend? No. What does this mean for holders of the physical? More buying opportunities! You hold the best form of wealth preservation insurance for what is inevitable.

Apart from the paper market, there is no reason for anyone to change their habit of buying physical gold and silver. The end game, [of manipulation and US/UK paper derivative dominance] is closer and closer. The best preparation against the collapse of the fiat banking system is the accumulation of gold and/or silver.

Charts depicting countries purchasing gold, graphs showing depletion of COMEX, LBMA, GLD, are well done & nice to look at, but none address why the price of gold and silver are at relatively low levels. Gold, more so than silver, has been purposefully suppressed to keep the petrodollar propped up.

So far since the Dec low, silver is playing a game of Opossum by looking weak & not confirming the move in gold or the precious metals stocks. I think this is a deceptive look on silver right now. Lets see what the silver charts are telling us on what is really taking place right now.

The technical set up on Gold looks increasingly bullish and Citi’s FX Technicals group continues to expect further gains. The picture on Silver also looks constructive and Citi notes, over time it may well outperform Gold.

Here is a reading of some of the top silver mining companies from a chart perspective. The takeaway from this exercise is to demonstrate the importance of the ability to read a chart, based solely on price and volume activity. The objective is to be profitable.

After several previous attempts that fell just a little bit short, gold finally managed a close above the 1340-1350 level – It is perhaps not a significant enough break yet, but it is encouraging that the $1350 level has not rejected gold this time around.